Zhi Tong Cai Jing·2025-06-13 06:11Core Insights - Global cloud infrastructure services spending reached $90.9 billion in Q1 2025, marking a 21% year-over-year increase, driven by significant investments in cloud and AI infrastructure [1] - Leading cloud providers are accelerating infrastructure optimization to facilitate large-scale AI adoption, particularly through self-developed chips to reduce AI usage costs and enhance inference efficiency [1][3] - The top three cloud providers (Amazon Web Services, Microsoft Azure, and Google Cloud) maintained their market positions, collectively accounting for 65% of global cloud spending, with a combined year-over-year growth of 24% [1] Company Summaries Amazon Web Services (AWS) - AWS held a 32% market share in Q1 2025, with a revenue growth of 17%, while its AI business is in early development but maintains a triple-digit annual growth rate [5] - AWS introduced a pricing strategy in March 2025 to encourage the adoption of its self-developed Trainium AI chips, emphasizing a 30-40% performance-to-price advantage over NVIDIA [5] - AWS announced a $4 billion investment to establish a new cloud region in Chile by the end of 2026, reinforcing its long-term commitment to global infrastructure [5] Microsoft Azure - Microsoft Azure ranked as the second-largest cloud service provider globally, with a 23% market share and a 33% year-over-year growth, driven by AI contributing 16 percentage points to this growth [6] - Azure launched the GPT-4.1 model series in April 2025, expanding access to advanced AI capabilities for developers, with over 70,000 developers currently using the Azure AI Foundry platform [6] - The platform processed over 100 trillion tokens in Q1 2025, reflecting a fivefold year-over-year increase, while Azure reported nearly 30% improvement in AI performance under the same power consumption [6] Google Cloud - Google Cloud maintained a 10% market share in Q1 2025, achieving a 31% year-over-year growth, although its revenue backlog slightly decreased to $92.4 billion due to supply constraints [7] - Google launched the Gemini 2.5 model series in March 2025, which received positive recognition for its performance in inference and programming capabilities, enhancing application possibilities for developers and enterprises [7] - Google Cloud's active usage of AI Studio and Gemini API surged over 200% since the beginning of the year, indicating strong developer adoption and demand for generative AI solutions [7]